Prop Firm Hub | Page 1548 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #30,941
  • Feb 18, 2024 2:03am Feb 18, 2024 2:03am
I bought a challenge from The Trading Pit, the 10.k for 70euro
why not FMTO because the challenge is unlimit not 14 days like FMTO
I see this as a test, i use a new setup with stop loss instead off hedging
looks OK in backtesting, let's see How it works
  • #30,942
  • Feb 18, 2024 2:27am Feb 18, 2024 2:27am
Quoting MJurban
I bought a challenge from The Trading Pit, the 10.k for 70euro why not FMTO because the challenge is unlimit not 14 days like FMTO I see this as a test, i use a new setup with stop loss instead off hedging looks OK in backtesting, let's see How it works
At FTMO challenge are unlimited....
  • #30,943
  • Feb 18, 2024 3:00am Feb 18, 2024 3:00am
Not clear to me why these firms r hurting their business by going against us authority. If cfds or certain leverage or certain instruments r not permitted for USA clients then isn't it possible to offer two different packages for USA n non USA clients. When a USA client want to join they will get USA permitted trading environment n other clients wiil get normal one.

As USA has big client base so no one want to miss them, so why it's so difficult to offer USA clients as per USA authority
  • #30,944
  • Feb 18, 2024 3:09am Feb 18, 2024 3:09am
Quoting navk
{quote} UAE is not Canada for living. You know what I mean.
Yes. Dubai lifestyle is better than Canada. Visit Dubai.
  • #30,945
  • Feb 18, 2024 3:34am Feb 18, 2024 3:34am
Quoting Tim_isoara
{quote} Once you have been approved for a visa, UAE law dictates that individuals need to reside in Dubai for one day every 180 days to maintain a tax-free residency and to keep your residency visa valid.
You will still be fiscal resident in Germany, UK, France, Spain, Italy, etc. if you only live 1 day in Dubai.
You may have zero taxes in Dubai but you will be heavily taxed at home on that income.
  • #30,946
  • Feb 18, 2024 3:37am Feb 18, 2024 3:37am
Quoting Capablanca
{quote} You will still be fiscal resident in Germany, UK, France, Spain, Italy, etc. if you only live 1 day in Dubai. You may have zero taxes in Dubai but you will be heavily taxed at home on that income.
Not to mention spending like 12 dollars of a coffee that tastes like dog water.
  • #30,947
  • Feb 18, 2024 3:43am Feb 18, 2024 3:43am
Quoting vidvad
{quote} So this is the biggest reason I like tradeday over all others that I have looked at, keeping in mind that I am not claiming to have looked at all of them as I am sure I am not even aware of the existence of many of them: Tradeday, in my opinion, absolutely offers a funded account, not an arcade style "funded sim" to those who pass the evaluations. There is initially a choice available for the trader to go to funded sim before going funded live, and tradeday will pay the trader the first $5000 in funded sim profits out of their own pocket...
You say that you believe you are live in TradeDay because you are charged the exchange fee. Don't be tricked by that. Top Step did it in the past when I audited my trades in CME.
TradeDay is likely to be a trading game, just as the others, charging a monthly fee or a lifetime fee.
Besides, most of them charge the one life fee because they know a monthly fee is bad for the business. They charge more than one month lifetime because they know statistically how long the account survives and it's likely less than 1.5 months. So they charge that upfront and pocket the difference not paid to CME (and other exchanges) when the trader blows up.

But don't take my word for it. Check the CME log and see for yourself if your trades are going through the exchange.

Besides, you admit yourself that they keep you sim trading in the beginning until who know when.
  • #30,948
  • Feb 18, 2024 3:47am Feb 18, 2024 3:47am
Quoting Capablanca
{quote} You will still be fiscal resident in Germany, UK, France, Spain, Italy, etc. if you only live 1 day in Dubai. You may have zero taxes in Dubai but you will be heavily taxed at home on that income.
You are very wrong.1 is the rule in Dubai and 2 must to the rule in another country. You must to se the rules of Germany, UK, France, Spain, Italy. You can stay maximum 6 months. So you need 2 days in Dubai per year and 2 another country to stay. But that 2 country not be in Shengen zone.
  • #30,949
  • Feb 18, 2024 3:50am Feb 18, 2024 3:50am
Quoting Capablanca
Just to let you know that Blue is still paying. And this is my first payout through Rise (Riseworks) so let's see how it goes. The money was credit in Rise about 36h after I requested the payout to Blue. Now I made a small withdraw from Rise to a crypto self custody wallet to see if this goes well (I don't want to risk withdrawing all the money without testing so I know I will be wasting withdraw fees just for this test). The process of withdrawing to crypto is very straight forward in Rise. We just register the address of the wallet. Tthey allow...
Quick update on Rise. The withdraw was processed still yesterday (and not in the next business day).
In the meantime I withdraw the remaining money and I got it already in my crypto wallet as well.

So, despite I was afraid of Rise because of what I read here, to me, personally, this worked 5 stars. Extremely satisfied with them.

For people withdrawing in crypto I suggest they do that at an hour when the gas cost is cheap.
  • #30,950
  • Feb 18, 2024 3:52am Feb 18, 2024 3:52am
Quoting Desbinary
{quote} Hi Takisd; I trust you are well. Please could you confirm whether the Axi-Select Program could also be subject to the current turbulence? The reason I enquired is I signed up at the time when your first precautionary to suspend any further challenges was received. I didn't fund the account & was almost done with funding so their system is constantly triggering those generic mailers prompting to complete funding the trading account. I suspected this program different since it is with a registered "normal" broker but wish to clarify with you...
Hi Des,

I dont know anything about them other than its Axi and Axi is a well known, large company. My understanding is that the offering is bad but if you can make it work it should be ok.

I have known Goran for many years from Axi and I cannot say that I have a huge amount of faith in the honesty of any of his (or what were his at least) products. Most of the old guard of Axi have moved to Blueberry markets with Dean Hyde.

If you are eligible perhaps take a look at Oanda or Hantec's offerings as both of those companies have a solid financial backing - providing the conditions meet your needs.
  • #30,951
  • Feb 18, 2024 4:43am Feb 18, 2024 4:43am
TFF should be back next week
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-18_113848.jpg Size: 127 KB
  • #30,952
  • Feb 18, 2024 5:48am Feb 18, 2024 5:48am
Quoting Capablanca
Check the CME log and see for yourself if your trades are going through the exchange.
It’s really much simpler than that, Capa.

All you need to do is briefly enter an order far from the current price and watch it immediately show up in the exchange’s DoM. Either it does, or it doesn’t.

It really is as simple as that, because unlike CFDs it’s a transparent, honest market.

Quoting Capablanca
Besides, you admit yourself that they keep you sim trading in the beginning until who know when.
That’s just untrue.

TradeDay lets the customer choose: you can stay on sim or trade live from day 1, whichever you prefer.

Again, it’s transparent and verifiable and honest.

When you’re live, TradeDay can make money only if you make money. It’s exactly the opposite of forex brokers: TradeDay use a real, actual broker and they want and need you to win. It’s a genuine partnership. You’re not trading against your own "broker".

For some reason, this forum’s members seem to have difficulty understanding this concept.

I don’t know why so many people choose to make it so difficult for themselves and continue doing business with crooks, in dishonest markets, when they don’t need to at all, regardless of their nationality and location.

Maybe they’re just so used to dealing with crooks, frauds and scammers in the murky, mostly unregulated CFD world that they just don’t appreciate that there are also honest, transparent markets available?!

Maybe they imagine there’ll somehow be a lot more to learn, to trade futures(?!), and they don’t realize that if they can trade forex profitably, then they can already trade futures profitably?

I'm sure all the CFD "brokers" and CFD "prop firms" are hugely grateful for how widespread all the misunderstandings are!
  • #30,953
  • Feb 18, 2024 6:05am Feb 18, 2024 6:05am
Quoting Takisd
{quote} Hi Des, I dont know anything about them other than its Axi and Axi is a well known, large company. My understanding is that the offering is bad but if you can make it work it should be ok. I have known Goran for many years from Axi and I cannot say that I have a huge amount of faith in the honesty of any of his (or what were his at least) products. Most of the old guard of Axi have moved to Blueberry markets with Dean Hyde. If you are eligible perhaps take a look at Oanda or Hantec's offerings as both of those companies have a solid financial...
Hi Takisd;

Thank You for taking the time & trouble to reply to my enquiry, I am much obliged.

The information you included serves to confirm that I won't exert further energy into the program. Meeting their performance metric is something I can do without effort but the underlying challenges you so graciously outlined doesn't inspire any confidence in longevity with them.

I will continue to work on the remaining challenges whilst they remain open looking out for your correspondence once you're satisfied that "normality", whatever that word means in this business segment has returned.

Until then, I will remain out of the market for new challenges & thank you once again for the selfless effort with creating awareness.

Wishing you & everyone on the thread a pleasant day ahead & May The Markets Go With You
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #30,954
  • Feb 18, 2024 6:10am Feb 18, 2024 6:10am
Quoting Quickly
I'm sure all the CFD "brokers" and CFD "prop firms" are hugely grateful for how widespread all the misunderstandings are!


You can’t help people who are so absolutely determined not to be helped.

In the wider world of trading, they’re obviously a small minority.

Here, however, they’re apparently the majority, or at least they’re the ones with the loudest voices, which really easily drown out anyone who tries to offer fact rather than (biased) opinion.

As we’ve seen over the last few months, some people with real experience, qualifications and/or expertise, who actually understand the industry, DO actually appear in this thread, one at a time, but inevitably each fairly promptly disappears when they encounter the habitual onslaught of misunderstandings, prejudice and insults.
  • #30,955
  • Feb 18, 2024 6:23am Feb 18, 2024 6:23am
Why has Masterrmind not shown up for a long time? We have been watching daily circus shows presented by Quickly and Karlkraus (the same person). Now vidvad also comes to pollute this thread with their Futures prop crap.
  • #30,956
  • Feb 18, 2024 6:37am Feb 18, 2024 6:37am
Quoting Tim_isoara
{quote} At FTMO challenge are unlimited....
FTMO demo is limited. I guess he is confused. Not the challenge.
  • #30,957
  • Feb 18, 2024 7:29am Feb 18, 2024 7:29am
Quoting TrAndy1
TFF should be back next week {image}
Takisd is angry.
  • #30,958
  • Edited 8:30am Feb 18, 2024 8:15am | Edited 8:30am
Quoting Capablanca
{quote} Besides, you admit yourself that they keep you sim trading in the beginning until who know when.
What I actually said is this:

Quoting vidvad
{quote}There is initially a choice available for the trader to go to funded sim before going funded live, and tradeday will pay the trader the first $5000 in funded sim profits out of their own pocket to the trader. At $5K in profits, the trader must be switched to a live funded account.
Hardly an "admission" that they keep you sim trading. Furthermore, they not only do not force you to stay on sim, but if the trader chooses to stay on sim, they then force the trader to go live at $5000 because they do not want to keep paying the trader out of their own pocket. My post was very clear and the fact that you so thoroughly misrepresented what I said can't be other than intentional dishonesty on your part. I don't know what your game is here but I am done with you.

Posting to this thread was really out of my lane here at FF and I regret having done so.

I should have known how this would go:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 268 KB


Life itself is a privilege, but to live life to the fullest is a choice
  • #30,959
  • Feb 18, 2024 8:31am Feb 18, 2024 8:31am
Quoting bluesteele
And I saw somewhere someone mention the US being the freest country in the world it is not.
This is the American myth and it is used to keep Americans in line. We are far from the most free country in the world.
Life itself is a privilege, but to live life to the fullest is a choice
  • #30,960
  • Feb 18, 2024 8:32am Feb 18, 2024 8:32am
Quoting vidvad
{quote} I don't know what your game is here
Your game is very clear: promote your Futures prop.
43 traders viewing now